CLOVER INDUSTRIES LIMITED - Dealings in securities by an executive director and by an associate of an executive director

Dealings in securities by an executive director and by an associate of an executive director

Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
JSE Share code: CLR
NSX Share code: CLN
ISIN No: ZAE000152377

DEALINGS IN SECURITIES BY AN EXECUTIVE DIRECTOR AND BY AN
ASSOCIATE OF AN EXECUTIVE DIRECTOR

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Director                        : Johann Hendrik Vorster
Company                         : Clover Industries Limited
Nature of transaction           : Off market disposal (transfer)
                                  of securities
Nature of interest              : Direct, beneficial
Class of securities             : Ordinary shares
Date of transaction             : 28 December 2016
Number of securities            : 4 500 000
Deemed rice per security        : R16.20
Total value of transaction      : R72 900 000
Clearance obtained              : Yes

Associate                       : Johann and Magdaleen Vorster
                                  Investments Proprietary Limited
Director                        : Johann Hendrik Vorster
Nature of transaction           : Off market purchase of
                                  securities
Nature of interest              : Direct, beneficial
Class of securities             : Ordinary shares
Date of transaction             : 28 December 2016
Number of securities            : 2 000 000
Price per security              : R16.20
Total value of transaction      : R32 400 000.00

Associate                       : Kara Family Investments
                                  Proprietary limited
Director                        : Johann Hendrik Vorster
Nature of transaction           : Off market purchase of
                                  securities
Nature of interest              : Direct, beneficial
Class of securities             : Ordinary shares
Date of transaction             : 28 December 2016
Number of securities            : 1 000 000
Price per security              : R16.20
Total value of transaction      : R16 200 000.00

Associate                       : Yuka Family Investments
                                  Proprietary limited
Director                        : Johann Hendrik Vorster
Nature of transaction           : Off market purchase of
                                  securities
Nature of interest              : Direct, beneficial
Class of securities             : Ordinary shares
Date of transaction             : 28 December 2016
Number of securities            : 1 000 000
Price per security              : R16.20
Total value of transaction      : R16 200 000.00


Associate                       : Johann and Magdaleen Vorster
                                  Educational Investments
                                  Proprietary limited
Director                        : Johann Hendrik Vorster
Nature of transaction           : Off market purchase of
                                  securities
Nature of interest              : Direct, beneficial
Class of securities             : Ordinary shares
Date of transaction             : 28 December 2016
Number of securities            : 500 000
Price per security              : R16.20
Total value of transaction      : R8 100 000.00


Mr Vorster obtained clearance for the transfer of 4 500 000 of his
orinary shares in Clover to various family related entities, as
part of a personal estate planning exercise.

Johannesburg
28 December 2015

JSE Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

NSX Sponsoring Broker
IJG Securities

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